The comparative statement of financial position for Charmaine Retailers Ltd. follows:

Additional information:
1. Profit was $62,000 in 2015.
2. Depreciation expense was $21,000 in 2015.
3. Payments made to the bank pertaining to the bank loan were $10,000 in 2015. Some new loans were obtained that year.
4. Common shares were issued in 2015 and no shares have been bought back by the company.
5. In 2015, no furniture was sold.
Instructions
Prepare a statement of cash flows using the indirect method for 2015. Assess the strength of the company's cash flows for that year?

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CHARMAINE RETAILERS LTD Statement of Financial Position December 31 2015 2014 Assets Cash Accounts receivable Merchandise inventory Furniture Accumulated depreciation Total assets $ 18,000 50,000 168,000 163,000 (45,000) $354,000 9,000 42,000 143,000 80,000 (24,000) $250,000 Liabilities and Shareholders' Equi Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders equity S 45,000 103,000 60,000 146,000 $354,000 $35,000 76,000 55,000 84,000 $250,000